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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (7693)5/27/1999 2:35:00 PM
From: Lola  Read Replies (1) of 57584
 
DRL on TSE exploding, on this news just out:

Derlan Announces Breakthrough Helicopter Agreement

TORONTO, ONTARIO--Derlan Industries Limited today announced that
its Derlan Aerospace division has signed a definitive agreement
with The Boeing Company to develop a new generation of drive train
systems for the AH-64 Apache Attack Helicopter.

The contract's value is estimated at more than $500 million over
10 years, making it the most important agreement ever signed by a
Canadian corporation for U.S. defense helicopters and one of the
most significant air defense contracts awarded in Canada. It
culminates a three-year bidding process in which Derlan was chosen
over more than 10 other international bidders.

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